Share Market HIGHLIGHTS: Sensex ends 335 pts higher, Nifty 3 pts shy of 22,150 led by IT, oil & gas stocks; Hindalco, Hero MotoCorp, ONGC jump over 3%
Share Market HIGHLIGHTS: Equity benchmark indices recovered some of their previous days losses on Thursday amid buying interest in IT, energy and metal shares though selling pressure in financial stocks limited the upside. Catch all the highlights of the March 14 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Equity benchmark indices Nifty 50 and Sensex recovered some of the previous day's losses on Thursday amid buying interest in IT, energy and metal shares though selling pressure in financial stocks limited the upside.
Catch all the highlights of the March 14 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Today: Axis Bank, IndusInd, Bajaj Finance worst hit among 13 Nifty laggards
Top Nifty gainers
Index Mar 14 close Change (%) ADANIENT 3,085.00 6.15 ADANIPORTS 1,268.00 4.83 HINDALCO 526 3.75 HEROMOTOCO 4,678.00 3.68 ONGC 263.95 3.37 HCLTECH 1,677.00 2.79 COALINDIA 427.75 2.57 WIPRO 516.7 2.44 BHARTIARTL 1,197.00 2.42 INFY 1,649.95 2.39 Top Nifty losers
Index Mar 14 close Change (%) DRREDDY 6,285.10 -0.3 TATAMOTORS 968.4 -0.49 BAJAJFINSV 1,563.75 -0.6 TATASTEEL 142.7 -0.66 ITC 419 -0.82 SBIN 749.9 -0.84 JSWSTEEL 792 -1 BAJFINANCE 6,456.15 -1.18 INDUSINDBK 1,471.55 -1.41 AXISBANK 1,075.00 -1.79 Share Market Today LIVE: Buy ICICI Bank shares, says Arpit Beriwal
Arpit Beriwal of Motilal Oswal Financial Services suggests buying ICICI Bank shares for targets of Rs 1,111 and Rs 1,150 with a stop loss at Rs 1,055.
Share Market Today: Nifty Oil & Gas, Nifty IT, Nifty Metal top gainers among NSE's sectoral indices; Nifty Bank, Nifty Private Bank, Nifty Financial Services slip
Index Mar 14 close Change (%) NIFTY OIL & GAS 11,281.85 2.33 NIFTY METAL 7,799.95 1.99 NIFTY IT 37,679.60 1.98 NIFTY MEDIA 1,823.30 1.95 NIFTY PHARMA 18,897.10 1.4 NIFTY CONSUMER DURABLES 31,642.65 1.19 NIFTY HEALTHCARE INDEX 11,818.20 1.04 NIFTY FMCG 54,145.80 0.9 NIFTY AUTO 20,514.25 0.87 NIFTY PSU BANK 6,784.65 0.7 NIFTY REALTY 831.55 0.61 NIFTY FINANCIAL SERVICES 20,725.90 -0.16 NIFTY BANK 46,789.95 -0.41 NIFTY PRIVATE BANK 23,332.50 -0.46 Share Market Today: Sensex ends 335 pts higher, Nifty reclaims 22,150 led by IT, oil & gas stocks; Hindalco, Hero MotoCorp, ONGC top blue-chip gainers, up over 3%
Share Market Today LIVE: Biocon at day's high as subsidiary enters long-term agreement with Eris Lifesciences
Biocon shares build on to their intraday gains to rise by as much as Rs 13.9, or 5.5 per cent, to Rs 267 apiece on BSE, after the company says its subsidiary, Biocon Biologics, has entered a long-term commercial collaboration deal with Eris Lifesciences to expand patient access to its portfolio of metabolics, oncology, and critical care products in the country.
Share Market Today LIVE: Kunal Saraogi, Rakesh Bansal positive on Tech Mahindra
Kunal Saraogi of Equity Rush and Rakesh Bansal of Rakesh Bansal Ventures like Tech Mahindra shares.
The duo recommends buying Tech Mahindra futures for targets of Rs 1,320 and Rs 1,345 with a stop loss at Rs 1,280.
Share Market Today LIVE: Buy Nifty 22,200 put option, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers suggests buying the 22,000 put option of the Nifty50 at Rs 40-odd levels for targets of Rs 65 and Rs 80 with a stop loss at Rs 20.
Share Market Today LIVE: Buy Hindalco, Ambuja Cements futures, says Nirav Harish Chheda
Nirav Harish Chheda of Nirmal Bang Securities shares two derivatives recommendations with Zee Business viewers:
- Buy Hindalco futures for targets of Rs 555 and Rs 560 with a stop loss at Rs 510
- Buy Ambuja Cements futures for a target of Rs 625 with a stop loss at Rs 555
Share Market Today LIVE: TCS, Infosys aid intraday recovery on Dalal Street
While IT stocks, led by TCS and Infosys, are powering the bounceback in the market, among other top contributors to the gain in Nifty50 are Larsen & Toubro, Bharti Airtel and ICICI Bank.
Images: Niftyindices.com
Share Market Today LIVE: Headline indices near day's highs; Sensex up over 400 pts at 73,193, Nifty50 above 22,150
The Sensex is up 431.3 points or 0.6 per cent at 73,193.2 while the Nifty50 is at 22,155.7, up 158 points or 0.7 per cent from its previous close.
What brokerages recommend on L&T, Coal India, IPCA Labs, OMC, other stocks today
Brokerage stock recommendations: As Dalal Street enters the March 14 session, brokerages have several stocks on their radar. Here's what HSBC, JPMorgan, Jefferies and CLSA make of stocks such as L&T, Coal India and IPCA Laboratories.
Brokerages on OMCs: BPCL, HPCL, IOCL
Two brokerages, HSBC and CLSA have maintained 'buy' ratings on oil marketing companies (OMCs) Indian Oil, HPCL and BPCL, and natural gas major ONGC.
ITC block deal update | ICICI Prudential MF, BofA Securities Europe among 60 buyers as BAT trims stake; cigarette stock rises
Hotel-to-cigarette conglomerate ITC’s shares rise, continuing to gain for a second straight session, after more than 60 funds including ICICI Prudential Mutual Fund, SBI Mutual Fund and DSP Mutual Fund, picked stakes in the company as its biggest shareholder, British American Tobacco (BAT), trimmed its shareholding by 3.5 per cent. ITC shares strengthen by as much as Rs 3.2, or 0.7 per cent, to Rs 425.6 apiece on BSE. Read more
Fitch raises India FY25 GDP forecast to 7% from 6.5%
Global ratings agency Fitch on Thursday raised its forecast for gross domestic product (GDP) growth in India to 7.0 per cent in the financial year 2024-25 from 6.5 per cent, citing improving domestic demand as well as increasing investments.
The ratings agency also said it expects the Reserve Bank of India (RBI) to reduce the repo rate—or the key interest rate at which it lends money to commercial banks—by 50 basis points (half a percentage point) between July and December.
This month, another ratings agency Moody's pegged the economic growth at 6.4 per cent in 2025 while revising its forecast for the current year to 6.8 per cent from 6.1 per cent.
Share Market Today LIVE | FTSE rebalancing to become effective from March 18; HDFC Bank to likely rake in the highest fund inflow
FTSE or Financial Times Stock Exchange indices rejig will be effective from March 18, while the adjustment will be made on March 15. And this rejig is slated to bring in massive inflows to the tune of Rs 14,000 crore into Indian equities, with the highest inflow anticipated in the BFSI segment.
As per the research desk, the rebalancing is likely to result into an individual stock as listed below:
Inflows
StockRS in Crs HDFC Bank 4200 ICICI Bank 3150 Kotak Bank 1200 Sundaram Finance 950 Zomato 510 SJCN 310 The slated rejig, which will probably lead to the highest inflows into the country’s leading private banking lender, HDFC Bank, led to some gains in the counter for the last few days. But the broader market weakness spilled on to the heavyweights, and the stock is trading with a drag. Read more
Share Market Today LIVE | CLSA retains 'buy' on L&T, sees 20% upside; here's why brokerage remains bullish
Larsen & Toubro shares trade 1.76 per cent higher at Rs 3,604.75 on BSE after CLSA maintained a 'buy' call on the construction major's stock with a target of Rs 4,260 per share, recovering some of their losses in a market-wide sell-off of the previous day.
The foreign brokerage's target implies an upside of 20-odd per cent from the previous close.
Here's why the foreign brokerage maintains its bullish stance on L&T:
CLSA has said that the company’s client, Aramco, is guiding for a capex hike as well as non-fossil capex. In September, L&T bagged a mega order from Saudi oil major Aramco for a gas development programme worth Rs 24,000 crore.
The brokerage highlighted that the oil giant has guided for a 7 per cent increase in its capex this year as against the higher base of 28 per cent in 2023. Read more
Traders' Diary | What to do with HDFC Bank, Cyient, Cipla, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Thursday, March 14, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Ashish Chaturvedi's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
- Buy Cyient shares in the cash segment for a target price of Rs 1,960 with a stop loss at Rs 1,880
- Sell Apollo Tyres futures for a target of Rs 470 with a stop loss at Rs 492
- Buy the Rs 1,730 call option of Kotak Mahindra Bank at Rs 30 for a target of Rs 55 with a stop loss at Rs 20
- Technical pick: Sell Bharat Forge futures for a target price of Rs 1,080 with a stop loss at Rs 1,135
- Fundamental pick: Buy IPCA Laboratories shares for a target of Rs 1,165 with a stop loss at Rs 1,115
- Investment idea: Buy Cipla shares for a one-year target of Rs 1,750. Read more
Gopal Snacks IPO Listing | Shares make muted market debut, list at 12.72% discount - Buy, Sell or Hold?
Shares of Gopal Snacks make a muted debut on bourses. The stock of Gopal Snacks gets listed at Rs 350 on the BSE, a discount of 12.72 per cent to the issue price of Rs 401. While Gopal Snacks shares settled at Rs 351 on the NSE, a discount of 12.47 per cent to the issue price of Rs 401.
Earlier, the initial public offer received 9.02 times the subscription on the final day of bidding. The price range for the offer is fixed at Rs 381-401 a share. Zee Business Managing Editor Anil Singhvi advised investors to subscribe to the IPO for the long term. Read more
Nifty Today LIVE | L&T, Infy, RIL, Bharti Airtel among top movers in 50-scrip basket
L&T, Infosys, RIL, and Bharti Airtel are the top movers in Nifty baskets at this hour. On the contrary, HDFC Bank, TCS, Tata Steel, and State Bank of India are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Nifty above 22,000, Sensex gains over 50 pts; all broad market indices in green
Share Market Today LIVE | Nifty Bank recovers nearly 200 pts from day's low
Source: NSE
Stocks to Buy or Sell | ICICI Bank, Bajaj Auto, HAL, PNB, among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Kunal Saraogi, Sumeet Bagadia and Vikas Sethi share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' and 'sell' list are stocks such as Punjab National Bank (PNB), ICICI Bank, ITC, Hindustan Copper, Hindustan Aeronautics Ltd (HAL) and Bajaj Auto. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 21,800-21,950 and stronger support at 21,675-21,775 levels for the headline Nifty50 index on Thursday, March 14. For the Nifty Bank, he expects support to come in at 46,575-46,850 and a strong support zone at 46,325-46,425 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Nifty below 22,000, Sensex down over 100 pts
Nifty 50
Source: NSESensex
Source: BSE
Currency Update | Rupee falls 4 paise to 82.85 against US dollar in early trade
Market Outlook | Domestic market could open flat, in line with muted Asian markets today, mixed US markets, says Deepak Jasani
Deepak Jasani, Head of Retail Research, HDFC Securities says, "Nifty made a long-range bear candle on March 13. 21750-21860 band will now be crucial to be protected in case the uptrend in the Nifty has to continue. On rises, 22400-22460 could now be tough to breach in the near term."
"US stocks finished mixed on Wednesday as investors digested gains from the previous session that had propelled the S&P 500 to its 17th record high of the year. Equities struggled to gain traction after a rally that has defied every doomsday scenario on Wall Street. Investors braced for US producer price data on Thursday and further clues on inflation ahead of next week's Federal Reserve meeting. In the latest Summary of Economic Projections, released in December, the median estimate of FOMC members was for three cuts totaling 75 basis points by the end of 2024. The Fed’s updated interest-rate projections are set to be released next Wednesday," he adds.
"Asian equities traded within tight ranges after a drop in technology stocks led to small declines in US shares," he further says.
Share Market Today LIVE | Small- and mid-cap stocks capitulate on stress test worries
Small- and mid-cap indexes logged their worst session in more than two years in the previous session, ahead of the results of a stress test of the country's mutual funds conducted by the markets regulator, which has warned of "froth" in these stocks.
Broader indices Nifty Smallcap 100 and Nifty Midcap 100 sharply underperformed the headline gauges, finishing 5.3 per cent and 4.4 per cent lower, respectively.
Stocks to Watch | Cyient, PC Jewellers, IIFL Finance, Tata Motors, South Indian Bank
Here are some stocks that will be in focus on Thursday, March 14:
Sanofi India: The company's board approved an exclusive distribution and promotion agreement with Emcure Pharmaceuticals for Sanofi's cardiovascular products in India, effective immediately.
IIFL Finance: The company approved raising funds for an amount not exceeding Rs 1,500 crore on a right basis.
South Indian Bank: The bank shall not onboard any fresh customers in co-branded credit cards until the Bank fully complies with the regulatory guidelines issued in this regard. It would however continue to service the existing customers who hold co-branded credit cards issued by the Bank.
Cyient: The company signed a multiyear services agreement with Airbus for Cabin and Cargo Engineering.
PC Jewellers: State Bank of India (SBI) accepted the ‘One Time Settlement’ (“OTS”) proposal submitted by the company.
Tata Motors: The company will develop a vehicle manufacturing facility in Tamil Nadu and in lieu of the same it has inked an agreement with the Tamil Nadu government. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 46.75 points or 0.21 per cent at 22,057 ahead of the opening bell on Dalal Street.
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